The Wall Street Journal: Banks weigh using Zelle to challenge Visa, Mastercard

This post was originally published on this site

Banks are debating a plan to bring Zelle to the checkout at big retailers.

The money-transfer service boomed during the pandemic, when people avoided ATMs and replaced cash and checks with digital money transfers. Zelle recorded some 1.8 billion transactions in 2021 totaling $490 billion, both more than double their prepandemic levels.

That…

Add Comment